Word: stockmarketeer
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Dates: during 1930-1939
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Atwater Kent payrolls listed 12,000 workers when the bottom dropped out of the stockmarket as well as the radio market. Lately the number has been 800, mostly workers subject to call when jobs were available...
...20th Century. The experts were dead wrong. Interest rates rose and bond prices fell almost without interruption until the post-War depression. Through most of the 1920's bonds climbed steadily, then started to fall again when money tightened during the last purple days of the stockmarket boom. The present rise dates from 1932, bonds as usual leading actual industrial recovery by a wide margin...
Next to the Big Board and the Curb the leading U. S. stockmarket is the Boston Stock Exchange, a large part of whose volume is made up of trading in standard stocks with a State Street flavor. The Chicago Stock Exchange ranks fourth, the San Francisco Stock Exchange fifth. Smallest registered market is the New York Real Estate Securities Exchange, where, during the depth of Depression, days would pass without a single sale. Typical little stockmarkets are the following...
Last week the stockmarket was running into the fourth week of a dragging decline. This week a number of developments including the French elections (see p. 22) and President Roosevelt's "economics" speech (see p. 13) caused the sharpest recession since July 1934, with representative stocks dropping from one to nine points on the New York Stock Exchange. Since early April the Standard Statistics stock average has dropped from 124.9 to 110.9. After more than a year of rising prices such a reaction was not precisely surprising. However, the market's downward drift was accompanied by something more...
...seer, Colonel Ayres is by no means infallible. Though he viewed the 1929 stockmarket with a jaundiced eye, he was talking about the "last phase of the Depression" as early as the autumn of 1930. He can analyze other people's analyses with devastating results. Yet his own conclusions are often challenged, and his vision is sometimes curiously narrow. But given a popular economic delusion, he can demolish it in one swift paragraph. His prestige has grown uninterruptedly throughout Depression, while the stature of other economic prophets was shrinking rapidly. Today he is one of the most-quoted bank...